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A company is expected to pay the following dividends over the next four years: $12, $8, $5, and $3. Afterward, the company pledges to maintain

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A company is expected to pay the following dividends over the next four years: $12, $8, $5, and $3. Afterward, the company pledges to maintain a constant 3 percent growth rate in dividends forever. If the required return on the stock is 11 percent, what is the current share price

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